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...marriage seems like an uncharacteristic risk, but perhaps a necessary one. Many of GE's divisions--plastics, power turbines, insurance--are faltering in the weak business climate. The company missed its storied, double-digit annual growth last year and may again this year; the stock has been halved from its high of $60 in 2000. Back in 1986, CEO Jack Welch diversified with a similarly risky move--by acquiring NBC. It paid off; NBC's profits surged 20% for the first half of this year, ahead of every other group save one. The merger, says Wright, shouldn't slow profit...
...International poll last week showed Kerry running 21 points behind Dean in New Hampshire, the neighboring state for both men and one in which a loss could be devastating for either. Kerry's forces say their private numbers don't look quite so grim, but they acknowledge a double-digit gap in a state where their man was leading slightly more than a month...
...company's tendency to rise, shine, blaze and heat up. Pacific Sunwear, as it is more formally known, continued the perpetual daylight when it announced last week that its second-quarter profits jumped 84% compared with the same period last year. Sales also increased at hefty double-digit rates, up nearly 23%, to $234.4 million...
...past few years, retirement portfolios have taken hits from all sides, causing employees to rethink their retirement expectations and in some cases continue working past age 65. Until its recent turnaround, the sagging stock market reduced the overall value of 401(k)s and similar retirement vehicles by double-digit percentages. Company stock options and grants have also declined in value. Moreover, the last line of retirement defense--the Social Security program--will begin running at a deficit in 2017. That means by the time today's thirtysomething workers reach retirement age their benefits could shrink by a third...
...this spring, Harvard students were twice as likely to oppose war as the American public, but as millions across the globe united in demonstrations on Feb. 15, the Yard lay cold and barren. The Harvard Initiative for Peace and Justice organized the only three campus protests that drew triple-digit student attendance, two of which were launched within a week of the invasion. No chants echoed in the Yard between October—when Congress granted Bush the full power to make war—and an “emergency rally” in March just days before...